LONDON: European stocks rebounded strongly in early deals Friday, with traders saying the murder of a pro-European MP in Britain had boosted the country’s chance of staying in the EU.
Asia climbed also following gains overnight on Wall Street, and the pound firmed, after the murder Thursday of Jo Cox one week before the June 23 referendum on Britain’s membership of the European Union.
A bitter voting campaign was on Friday suspended for a second day as the nation reeled from the death of Cox, a 41-year-old former aid worker.
“The suspension of campaigning for the UK EU referendum after the tragic death of Labour MP Jo Cox boosted risk appetite,” said Nick Stamenkovic, an analyst at broker RIA Capital Markets.
“The pound and euro rebounded on the news but the yen
Shortly after the open, London’s benchmark FTSE 100 index was up 1.2 percent at 6,022.71 points, compared with the close on Thursday.
Copyright AFP (Agence France-Presse), 2016
Courtesy : BRecorder